Chinese home buyers halt mortgage payments on unfinished projects

BEIJING: Chinese language home buyers in dozens of cities have got stopped making mortgage repayments for unfinished tasks, according to data through industry groups, deteriorating fears of monetary contagion in the state’s troubled real estate field. Professionals launched an attack on excessive financial debt in the property field in 2020,Continue Reading

Explainer: How Sri Lanka spiralled into crisis

HOW DID IT COME TO THIS? Analysts say that economic mismanagement by successive governments has weakened Sri Lanka’s public finances, leaving national expenditure in excess of income and the production of tradable goods and services at inadequate levels. The problem was exacerbated by deep tax slashes enacted by the RajapaksaContinue Reading